Toronto’s housing bubble is not Stephen Poloz’s problem refers. A weaker economy would necessitate low interest rates, which in turn fuel financial imbalances. That’s where the central bank is today — unable to keep inflation at the 2 percent target over the past two years in an economy it says still has plenty of slack. […]
Toronto’s housing bubble is not Stephen Poloz’s problem
It never was, and it will never be one. Pressure builds on Bank of Canada to tackle house prices by raising interest rates Bank of Canada Governor Stephen Poloz said this month that 30 per cent gains in Toronto house prices are not sustainable and have been driven in part by speculation… Financial Post And here […]
Poloz: “No real estate bubble in Canada” ?
Canadian real estate market is not in a bubble, Poloz says Canada’s housing market is not in a bubble and not likely to suffer a sudden and sharp correction in prices unless there is another major global shock to the economy, Bank of Canada governor Stephen Poloz said Wednesday. Image Source The central banker, testifying […]